Taxes Consolidation Act 1997 section 960F

Moneys received for capital acquisitions tax and stamp duties and not appropriated to be recoverable

Section 960F holds a person accountable to Revenue where that person receives money in respect of capital acquisitions tax or stamp duties but fails to pay it over to the Collector-General.

• A person who receives money for gift tax, inheritance tax or stamp duties and does not pay it to the Collector-General is accountable to Revenue for that amount.
• Accountability arises where the person improperly withholds or detains the money received.
• The withheld amount is treated as a debt due to the Minister for Finance for the benefit of the Central Fund.
• Section 960I applies to the recovery of any such debt as if it were tax due and payable.